Keeler v. Seaman

In this action for damages for fraud and deceit the defendant Seaman demurs for general insufficiency of the complaint. It is alleged that the demurring defendant was treasurer of the National Gramaphone Corporation, but it is not alleged that he was a director. It is alleged that at a certain meeting of the directors of the corporation, at which it is not alleged that defendant Seaman was present^ a resolution was adopted declaring monthly dividends of one per cent, each, payable out of earnings, for the months of March and April, 1899; that said dividends were not made from surplus profits…